Russia Considers Cryptocurrency Trading for Certain Investors

Bittime - The Russian Ministry of Finance recently submitted a proposal proposing to allow a group of investors called “highly qualified investors” to trade digital assets on official exchanges such as the Moscow Exchange and the St. Petersburg Exchange. St. Petersburg.

Support from the Big Russian Exchange

Anatoly Aksakov, chairman of the State Duma's Financial Markets Committee, stated that Russia's largest exchanges are ready to handle crypto transactions. 

Aksakov stated that the law was created to develop the cryptocurrency space, they will soon join in the process. Hence, they didn't think there would be any problems with this.

Ministry of Financial Proposal

The Ministry of Finance's proposal includes trading digital assets on exchanges and trading systems registered with the central bank. Currently, the list includes 7 companies, Moscow Exchange, St. Petersburg Exchange, St. Petersburg International Commodity Exchange (SPIMEX), St. Petersburg Currency Exchange (SPCE), Oriental Exchange, National Commodity Exchange, and CTS Exchange.

The proposal also proposes to establish special regulations for “highly qualified investors,” allowing digital asset transactions with a trading system license. 

Within the general regulatory framework, digital assets can be recognized as currency values, which allows their use as a means of payment in foreign trade agreements.

Russia: Eksperimen Platform Cryptocurrency

Currently, the State Duma is considering a draft law that would allow the central bank to start creating experimental cryptocurrency platforms for international settlements from September 1. 

The move reflects Russia's push to expand the use of cryptocurrencies domestically and internationally.

If this proposal is approved, it could pave the way for wider use of cryptocurrencies in Russia, especially in international transactions. 

This could also attract the interest of foreign investors looking to utilize the Russian market for digital asset trading.  

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.